ClaudeGauthier

Swing Trade for BTC - Indicator we dont see often !!!

COINBASE:BTCUSD   Bitcoin

BTCUSD

One of my Good friend told me once, Claude, you should post your ideas...as I belevie in crypto and its communauty, here's some thoughts ! I'm not a trader nor a specialist, but only an adic to this new ecosystem. I'm a crypto-beliver !!!

Here you can see some indicators that we dont see often: DMI + ADX.

Some popular folks post things like trend, H&S, etc....here, I can tell that Bulls are in charge with DMI beeging positive. Also, ADX is having a good trend. That means BTC is trending and not in a trending range ! If you look back when we were in the 6K, ADX WAS in a trending range and that was pathetic for all of us.

Now, we have some good gaz. I beleive that we will go to the .5 or .618 Fib level base on the past 11 mounths. EAch time BTC bonce from 6k level, it went north till .618 !!! EAch time it was .618 of the previous high !! So why not this time !?!?

SO DMI is good, MACD is good also, there are good gap between the slow and fast curve and There are room for RSI on the D time frame.
Therefore, 4500-4700 range might be feasable and after, 3200 will be the suport again. Why ? because on 09/14 we had a high volume for that support...so It can make sens....
I will review support and resistance with Ichimoku and will post more detail about that...
By the way, MACD and DMI are the best indicator when trending, nor RSI nor Stoch...we used them else where ;-)

I'm a swing trader who Hodl BTC for the future :-)

Any comments are welcome


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